Fremarek Corp., had book income of $100,000 at December 31, 2019. Included in this amount on the income statement are: interest revenue on a bond for the state of Illinois of $20,000; accrued costs for an alleged patent infringement of Mares Corp. of $10,000; expenses for life insurance premiums on the company's CEO (Miss Fannin) and CFO (Mr. Naskrent) $15,000. The enacted tax rate for 2019 is 30% and 25% thereafter. What is the amount of the deferred tax liability Fremarek report on its balance sheet at December 31, 2019

idk

explanation:

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: